NYSE: PGR
The Progressive Corporation
Financial Services · Insurance - Property & Casualty
After hours: $215.40(-0.17%) · as of 7:27 PM ET
Market Cap
$125.44B
52w High
$254.93
52w Low
$189.20
P/E
10.78
Volume
1.55M
Outstanding Shares
581.40M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 10.46% over the last year. Revenue grew 10.53% over the trailing twelve months. Operating margin moved from 15.94% to 16.23%. Free cash flow grew 4.37% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 16.23%. A decisive move in revenue — currently up 10.53% — would be the clearest signal to resolve the ambiguity.
Company profile
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States.
Valuation
Stock splits
Every 1 shares became 4
Every 1 shares became 3
Every 1 shares became 3
Every 4 shares became 9
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
15
Buy
22
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 14, 2026
Q4 FY26 · EPS est $3.64 · Revenue est $22.23B
View
Dividends
$13.90/shareQuarterly3yr growth streakAdequatePGR pays a dividend with a 6.44% dividend yield, 3 consecutive years of growth, growing at 23.19% annually, covered 6.0× by free cash flow.
Dividend Yield
6.44%
Annual Div / Share
$13.90
5yr CAGR
+23.19%
Doubles every ~3.3yr
Payout Ratio
69.67%
Adequate
Dividend Growth Rate
3yr CAGR
+226.33%
5yr CAGR
+23.19%
10yr CAGR
+14.49%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$5/mo
In 5 yrs
$9/mo
In 10 yrs
$17/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$64/yr $5/mo | $114/yr+76% $9/mo | $200/yr+211% $17/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 6.44% → 20.01% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 6.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 23.19% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.